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Apr 24, 2013
04/13
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are these countries conscious of what is being done to the environment? >> well, they r. i know from my close contact with people in the chinese government, for example, but they've had some bigger fish to fry in many of these emerging markets. firstly, feeding their people. so as that starts to happen and you get on with mazlov's hierarchy of needs, foods, clothing, shelter, they turn immediately onto the environments. so i'm noticing a big conscience out there. but they have government's limited resources. >> let's talk about the quarter. because when you came on last time, you said, "what keeps me up at night is germany. it was 60% of our province now." in your conference call, i'm pointing it out because you make the point, you were unhappy with germany, this turned out to create sleepless nights. >> more specifically, i was used to be worried about germany in the mid-'90s when they were 60% of our profits. i outlined on our conference call this morning, we have 15 markets na are the drivers of our business right now. so just like many of the portfolio managers, you c
are these countries conscious of what is being done to the environment? >> well, they r. i know from my close contact with people in the chinese government, for example, but they've had some bigger fish to fry in many of these emerging markets. firstly, feeding their people. so as that starts to happen and you get on with mazlov's hierarchy of needs, foods, clothing, shelter, they turn immediately onto the environments. so i'm noticing a big conscience out there. but they have...
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Apr 22, 2013
04/13
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revenue environment. not every balance sheet is going to execute equally in this environment. you've got some opportunities for -- >> what it means is the fed is going to stay the course on quantitative easing, basically. >> i think that is very clear. >> greg, tell us about this new study you're out with today. >> we found three in four americans say they are not more inclined to invest in the stock market now given the fact that interest rates are at record lows and the stock market's recently hit highs. that's the same as we found a year ago. now, a year ago, you know, in the past year interest rates have come down further. the market's gone up more. yet people are not swaying. >> what's their big fear? that they've missed it already? they're afraid it's too high? they're going to pick moment? is there too many risk? what's the big fear? >> some of each. quite frankly the memories of 2008 are very fresh. a lot of people, 2008 wasn't the first time they'd been burned. they got burned in the tech bust. b
revenue environment. not every balance sheet is going to execute equally in this environment. you've got some opportunities for -- >> what it means is the fed is going to stay the course on quantitative easing, basically. >> i think that is very clear. >> greg, tell us about this new study you're out with today. >> we found three in four americans say they are not more inclined to invest in the stock market now given the fact that interest rates are at record lows and...
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Apr 24, 2013
04/13
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grace, economic environment, more challenging than we had planned. and ethan allen whose conference call is going on as we speak now. lots of excuses, easter, passover, sandy. but this nugget i found intriguing, lower shipments to our retailer in china. this has always been a pride -- >> international sales. >> they're made in the u.s. and sell to china. on the call just now, the ceo said, you know, these chinese companies, the chinese recently had accumulated inventory, that was planned and unplanned, very interesting choice of words. in anticipation of higher sales and opening more stores. that hasn't happened so far. is that saying something about china or saying something about the business model of ethan allen as it pertains to china. >> yeah. third quarter we should note is the season slowest for ethan allen. weren't expecting too much by way of strength. but you've got to -- fair disclosure here, spend a lot of money at ethan allen. >> they loss -- didn't make it this quarter. >> spending money on ethan allen personally through purchases. >> t
grace, economic environment, more challenging than we had planned. and ethan allen whose conference call is going on as we speak now. lots of excuses, easter, passover, sandy. but this nugget i found intriguing, lower shipments to our retailer in china. this has always been a pride -- >> international sales. >> they're made in the u.s. and sell to china. on the call just now, the ceo said, you know, these chinese companies, the chinese recently had accumulated inventory, that was...
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Apr 20, 2013
04/13
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if your home environment is good and peaceful and easy, your life is better and easier. >> lori's a qvc regular now -- the rare inventor with a trusted platform to launch new products and customers who tune in to see how her gadgets can help ease their daily grind. >> that enthusiasm and passion, that's my nature, and i love seeing it in others, too. >> these days, lori can get an idea produced and on the market in about three months. and it seems like any idea that helps to uncomplicate life is a potential winner. >> when we return, sub sandwich combos and a choice of hot sauces fan the flames of combos and a choice of hot sauces fan the flames of firehouse subs -- next. >> firefighters don't typically make a lot of money. some take on second jobs to help make ends meet. brothers chris and robin sorensen did that for years before deciding to turn passion for cooking into a full-time business. it took a while to get things going, but now these two are on a roll, creating bigger and better sandwiches. >> welcome to firehouse. >> when we opened, something natural that just happened, that
if your home environment is good and peaceful and easy, your life is better and easier. >> lori's a qvc regular now -- the rare inventor with a trusted platform to launch new products and customers who tune in to see how her gadgets can help ease their daily grind. >> that enthusiasm and passion, that's my nature, and i love seeing it in others, too. >> these days, lori can get an idea produced and on the market in about three months. and it seems like any idea that helps to...
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Apr 18, 2013
04/13
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we're seeing a difficult environment. now, people are a lot more positive about the u.s., so they're overweighting the u.s. the s. is still ary, very strong mark so many overweight that. and we're seeing a lot of regions like europe where investors are pretty much hands-off. so it depends, really, when you ask about how investors behave, where they come from, what region they're located in, and what region they invest in. european investors are, i would say, largely sitting on the sidelines. >> i'm going to come back to you in a moment. but let me ask you first about what's going on in the united states. a big debate about when the federal reserve is going to start winding down the stimulus. is there a downside risk to all of this free money, whether you look at what the fed has been doing with qe or what japan has been doing in terms of the stimulus there, the ecb as well. >> well, yes, it's very clear that central banks have been playing a very dominant role in the economy over the last couple of years. when i was at th
we're seeing a difficult environment. now, people are a lot more positive about the u.s., so they're overweighting the u.s. the s. is still ary, very strong mark so many overweight that. and we're seeing a lot of regions like europe where investors are pretty much hands-off. so it depends, really, when you ask about how investors behave, where they come from, what region they're located in, and what region they invest in. european investors are, i would say, largely sitting on the sidelines....
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Apr 16, 2013
04/13
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>> gold i think is a little bit more tricky in this kind of environment. because the shake out that we've seen will sort of dent sentiment on a multi month basis going forward. so i think we sort of tend to prefer things such as bunds where we see 10-year bund yields coming down to below 1 is% in the next six months. treasuries where we sort of see this combined with the continued fed qe purchases producing a move down to 11 is.3% yield. so i think those are the kind of clearer plays that exit in this type of environment. >>> and just talk about spanish bond markets. six-month t bill, it's 0.82 on march 12th. i'm looking for the 12-month yield. 1.274, 1.4%, so t-bill is still coming lower, michael. >> that very much reflects current market conditions and the liquidity phase that we've been in in global markets. this can probably carry for another week or two, but then i think increasingly as we sort of get into the spring and see the economic data continue to remain completely stuck in recession for europe, questions are going to start to be raised and i t
>> gold i think is a little bit more tricky in this kind of environment. because the shake out that we've seen will sort of dent sentiment on a multi month basis going forward. so i think we sort of tend to prefer things such as bunds where we see 10-year bund yields coming down to below 1 is% in the next six months. treasuries where we sort of see this combined with the continued fed qe purchases producing a move down to 11 is.3% yield. so i think those are the kind of clearer plays that...
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Apr 24, 2013
04/13
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when you are in that slow environment, revenues will be slow. this is why i pull my hair at people and say the revenue is at 2%. in a slow environment, i don't see change in the growth pat fern, you will have slow revenues. look, it's happening again this quarter. you are up 7% actual. that is a surprise. i know some misses and so forth, but whenever i see people, it's almost like sour grapes. give the company some credit for working some magic on the revenues they have. don't penalize them for the fact the world economy and the u.s. economy is not good go take away the qe. take away the fact there are no other good alternatives. >> i'll take away the qe. it's not a coincidence profits have gone up almost the same amount precisely as stocks. qe is there. extra low interest rates are there. qes in my humble opinion hasn't worked t. money supply hasn't created the growth. >> it's worked for the market. it hasn't worked for the economy, it's worked for the market. >> one reason the interest rate is low because the economy is lousy. i want to give t
when you are in that slow environment, revenues will be slow. this is why i pull my hair at people and say the revenue is at 2%. in a slow environment, i don't see change in the growth pat fern, you will have slow revenues. look, it's happening again this quarter. you are up 7% actual. that is a surprise. i know some misses and so forth, but whenever i see people, it's almost like sour grapes. give the company some credit for working some magic on the revenues they have. don't penalize them for...
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Apr 18, 2013
04/13
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it looks like the chief of production goals from unconventional shell plays, i think the environment going forward has never looked brighter for u.s. infrastructure. >> i think et was yesterday someone said nat gas is the new safe haven, suddenly this is start to go look a little more price afforded. any view on that? >> i think that dmodty prices, a broader view, i think that peak energy, we believe in just the opposite at yorkville. we think energy prices will probably be the growth driver of the global economy. it has a lot of implications. it's very good for the u.s. and our consumers. it's very good for china. >> you say peak energy in terms of we're going to see declines -- >> i think we're going to see stability. the new energy supplies coming online are more expensive to extract from the ground, so you're not going to get back to $20 a barrel oil in our lifetime. but this $80 to $11 is 00, peaking at $120 dropping to $60 is probably a new range in the u.s. i see natural gas, it's at 350 right now, roughly, $4 to $6 range, $16 in japan, mid teen prices in germany. that's givin
it looks like the chief of production goals from unconventional shell plays, i think the environment going forward has never looked brighter for u.s. infrastructure. >> i think et was yesterday someone said nat gas is the new safe haven, suddenly this is start to go look a little more price afforded. any view on that? >> i think that dmodty prices, a broader view, i think that peak energy, we believe in just the opposite at yorkville. we think energy prices will probably be the...
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Apr 18, 2013
04/13
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and this is happening in an environment where more new devices from apple will come out, more new devices from samsung will come out. still very tough for nokia. >> it does sound like it's very tough. so why do you say in your note, mark, it's been moving in the right direction. what is the right direction for them and is the right direction for the stock going to be up? >> i think the right direction for them is to accelerate the product development. i think one of the things that have worked for them in the past is their feature phone, their low-end devices that helped cushion the things as they deve that's actually started to erode for them. in terms of the stock, this is a company that is still in a negative revision period for their earnings. once again, we cut our target on nokia, once again, we're cutting our numbers on the estimates. but i think the view is, overall, the industry, if you look at the handset industry, the profits pool, we think, is actually starting to decrease. >> mark, that's not optimistic, but are we looking at nokia wrong? the smartphones, what we see as consu
and this is happening in an environment where more new devices from apple will come out, more new devices from samsung will come out. still very tough for nokia. >> it does sound like it's very tough. so why do you say in your note, mark, it's been moving in the right direction. what is the right direction for them and is the right direction for the stock going to be up? >> i think the right direction for them is to accelerate the product development. i think one of the things that...
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Apr 23, 2013
04/13
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we want to save the environment. everybody wants to save the environment. up to 20% of your energy bills at the same time. here's the opportunity. try the world's first learning thermostat. for those who don't know about nest this is one of the very cool products out there. you say you're about to buy one. >> yeah. i like the fact that it learns. it knows what your tendencies are. it's 70 degrees. it goes to 63 at night. you don't have to mess with it. it's less work. >> you're teaming up with energy companies. >> what is learning thermostat? what we do is we watch your patterns. you just turn it up at night, turn it down to when you go to work and what have you. through those patterns, after three or four days, we have learned your schedule. and we program it. so you don't have to program the thermostat yourself. only 11% of the quarter billion thermostats are actually programmed to save any energy because they're too difficult to use. so we just learned based on the adjustments. >> it learns by the temperature you put in. it might have a sensors and knows
we want to save the environment. everybody wants to save the environment. up to 20% of your energy bills at the same time. here's the opportunity. try the world's first learning thermostat. for those who don't know about nest this is one of the very cool products out there. you say you're about to buy one. >> yeah. i like the fact that it learns. it knows what your tendencies are. it's 70 degrees. it goes to 63 at night. you don't have to mess with it. it's less work. >> you're...
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Apr 17, 2013
04/13
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i don't know if we can get back to what is a normalized environment. what does that even mean? i can't value it. i don't know how to value. >> i think it's interesting, the mainstream press. the front page of the washington post is the spring swoon and how we cannot seem to escape this economic decline and we've seen the past couple of springs and the front page of the journal is walmart and kohl's taking more time to pay their supplier, a trend they say is getting worse. those are not marginal positives, jim. i look at bank of america. i look at j.p. morgan and i say i'll pay 83.5 for 50,000 j & j. the trade is i don't want to mess with the stuff. proctor, look, he's making the quarter. he's going to make the quarter. >> raw costs coming down and coca-cola, by the way. raw costs are coming down, but they will come down. another one that is just where people are hiding. david, it's hide and don't seek. >> it is, but to carl's point, we've come out of the last few years and animal spirits start to feel strong. >> right. underlying economic growth is strong and everyone is revisi
i don't know if we can get back to what is a normalized environment. what does that even mean? i can't value it. i don't know how to value. >> i think it's interesting, the mainstream press. the front page of the washington post is the spring swoon and how we cannot seem to escape this economic decline and we've seen the past couple of springs and the front page of the journal is walmart and kohl's taking more time to pay their supplier, a trend they say is getting worse. those are not...
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Apr 16, 2013
04/13
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>> the demand environment played out as we expected, and i think the company executed well. as i just heard jon say, we saw fis growth in our data center business. it was up 7% year on year. and within the overall market for computing, we're seeing nice growth. and there's obviously a transition going on there, but i think we're well positioned for that as well. >> and shareholders certainly want to see change in terms of utilizing the balance sheet, which you've done quite well. we're going to get to that in a moment. but you said that the demand part of the story played out the way that you expected. in other words, you are expecting pc sales to go down? >> well, what we're seeing is a transition within the overall client category. and so if you think about it, what we're seeing is very robust growth in new form factors. things like ultra books, very thin and light, battery-efficient notebooks. things like convertibles, detachables. so we're seeing growth there and we're seeing some of the traditional categories of the market that are going to be down year on year. when yo
>> the demand environment played out as we expected, and i think the company executed well. as i just heard jon say, we saw fis growth in our data center business. it was up 7% year on year. and within the overall market for computing, we're seeing nice growth. and there's obviously a transition going on there, but i think we're well positioned for that as well. >> and shareholders certainly want to see change in terms of utilizing the balance sheet, which you've done quite well....
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Apr 22, 2013
04/13
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we will shine the spotlight on issues related to the environment. go green campaign now in its sixth year. it educates consumers on how their own behavior affects the state of the planet. we have been watching futures this morning. they are sharply higher after watching what was the worst week for the markets in many, many months last week. dow up 60 points above fair value. our guest host is gary kaminsky. and morgan stanley wealth management. we will hear from both of them. we will get the numbers from caterpillar. looking for $1.40 a share on $13.7 billion. an hour from now we will ask caterpillar ceo of about the heavy equipment maker's quarter. it tells you an awful lot what they are sewing in the global economy. and boeing could get formal approval to return the grounded 787 jet to the air. the battery system is the issue that caused it to be taken out of service in the first place. gas prices are continuing to drive. the latest lumberg survey shows prices down 11 cents the last two weeks. and the average price of regular gasoline is now $3.54
we will shine the spotlight on issues related to the environment. go green campaign now in its sixth year. it educates consumers on how their own behavior affects the state of the planet. we have been watching futures this morning. they are sharply higher after watching what was the worst week for the markets in many, many months last week. dow up 60 points above fair value. our guest host is gary kaminsky. and morgan stanley wealth management. we will hear from both of them. we will get the...
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Apr 18, 2013
04/13
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have forgiven revenue misses because they are all about earnings growth, but this is where the tepid environment could be key, guys. >> thank you for that preview, you laid out a key day. john and jerry, what are you paying attention to most in those. >> google is the one to really move the needle. last week heather downgraded microsoft, the stock moved about a dollar on that downgrade. then it just stopped, michelle, literally hit a wall at about that 28.75 level and stopped going down. it was just over 30 from prior to that. so google's the one i think that could be a much bigger mover. that's going to be much more of a tell -- >> all right. we are actually going to go now to south boston. the interfaith service called "healing our city." president obama speaking at the cathedral of the holy cross in boston's south end as the city and the entire nation tries to heal from the horrific events of monday. let's listen to the president. >> hello, boston. scripture tells us to run with endurance the race that is set before us. run with endurance the race that is set before us. on monday morning the
have forgiven revenue misses because they are all about earnings growth, but this is where the tepid environment could be key, guys. >> thank you for that preview, you laid out a key day. john and jerry, what are you paying attention to most in those. >> google is the one to really move the needle. last week heather downgraded microsoft, the stock moved about a dollar on that downgrade. then it just stopped, michelle, literally hit a wall at about that 28.75 level and stopped going...
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Apr 16, 2013
04/13
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>> well, they don't look for the trading environment, you know, it's better. it's certainly improved quarter over quarter. however, it remains fairly tepid. we're still cautious on trading volume, although yet when we saw some increased volatility in the market, our trading volume was north of 500,000, so a bit of volatility here in the market, with increased bullishness in the markets would be the best thing for our trading environment. we're likely to trade toward the low end this year. >> fred, i appreciate your cautiousness, right? probably good to be a little conservative. there's one number that stands out that says you may be more optimistic than you're letting on. you're advertising spend went up by $24 million year over year. you wouldn't be paying to advertise if you didn't think you could get more customers. >> well, that's absolutely true. first off, it is a bit of seasonality in that number, so this quarter and the next quarter are two biggest advertising spending quarters historically, and will continue to be this year, but we delivered very stro
>> well, they don't look for the trading environment, you know, it's better. it's certainly improved quarter over quarter. however, it remains fairly tepid. we're still cautious on trading volume, although yet when we saw some increased volatility in the market, our trading volume was north of 500,000, so a bit of volatility here in the market, with increased bullishness in the markets would be the best thing for our trading environment. we're likely to trade toward the low end this year....
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Apr 18, 2013
04/13
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so what qualifies as a company that can do no wrong in this environment? a couple of things. first, a company makes something with declining raw costs that it charges more for than it used to, and people have to pay that higher price because they have no alternative. and that's pretty much everything that sells at a supermarket or drugstore these days. think about it. what's the raw cost of a drug? virtually nothing. and what can they charge? virtually anything, as we see pretty much nightly these days on "mad money" when we have these execs on that talk about the huge prices they're charging. do you think celgene can't raise the price of revlimid, its breakthrough cancer drug? are you worried regeneron can't raise the price of eylea, an injectable medicine that can make you see again and requires fewer shots in the eye than the competition? i'm not that concerned. how about the toiletries? let's take head & shoulders, the terrific shampoo, not the terrifying chart pattern. the plastic bottle costs less than it used to because of the low price of natural gas courtesy of the r
so what qualifies as a company that can do no wrong in this environment? a couple of things. first, a company makes something with declining raw costs that it charges more for than it used to, and people have to pay that higher price because they have no alternative. and that's pretty much everything that sells at a supermarket or drugstore these days. think about it. what's the raw cost of a drug? virtually nothing. and what can they charge? virtually anything, as we see pretty much nightly...
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Apr 23, 2013
04/13
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corporations are doing a great job controlling costs in the environment. i'm optimistic there. third, somewhere along the line there is likely to be a new product. fourth, i think this over ownership and index fund thing with the stock down $300 billion has run its course. there will be forced buying. you start a virtuous circle. the stock is at four times trailing cash flow. if it traded at eight times it would be more that be a major media company on par with rerz. you would get a double in the stock. the odds favor the buyer here. >> this is a bull case but a lot of pain for investors in the stock. you among them. how can you put a good face on a lousy story? >> well, at the end of the day, three years ago the stock earned $4.4 billion in the quarter that's going to be reported. if earnings go to eight on a three-year basis, that's a 20% compound growth rate. they had a great trip up. it's an insanely profitable company with a great brand image. i'm personally hoping, scott, they introduce a low priced phone for the third world. they are only addressing about 20% of the smar
corporations are doing a great job controlling costs in the environment. i'm optimistic there. third, somewhere along the line there is likely to be a new product. fourth, i think this over ownership and index fund thing with the stock down $300 billion has run its course. there will be forced buying. you start a virtuous circle. the stock is at four times trailing cash flow. if it traded at eight times it would be more that be a major media company on par with rerz. you would get a double in...
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Apr 18, 2013
04/13
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but it's springtime in philadelphia and now a new species has been introduced into his environment. "mad money's" back to school tour returns april 25th. >> boo-yah! >>> lately i've been hearing a lot of talk about how housing can't save the economy. that it's not big enough. that it can't do much to move the needle. i hear the same thing about the oil and gas business. that no matter how much we find, it doesn't put that much to work. and the trade-off of increased use of fossil fuels just isn't worth it. let me see, how can i be polite and diplomatic about all these pessimistic judgments? they're lies. lies keeping the federal government from helping the cause of job creation instead of hindering it. the $1 towards the purchase of a house can produce another $6 in spending. fix up the yard, make it bigger, gussy up inside. instead, the government's indecision has made it very difficult to get a mortgage, which has kept housing from breaking out to the levels anywhere near where it used to be. remember what richard smith, the ceo of realogy, the largest realtor in the country just
but it's springtime in philadelphia and now a new species has been introduced into his environment. "mad money's" back to school tour returns april 25th. >> boo-yah! >>> lately i've been hearing a lot of talk about how housing can't save the economy. that it's not big enough. that it can't do much to move the needle. i hear the same thing about the oil and gas business. that no matter how much we find, it doesn't put that much to work. and the trade-off of increased use...
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Apr 24, 2013
04/13
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. >> it is earth week and tonight we're looking for a company that is mean green for the environment and your wallet. you have a name you like? >> i do. soda stream. they have the little dispensers that take and shoot carbonated -- well, co 2 . >> there is savings. you're not having to go to the store and go get the bottles. >> it gives them a lot of flexibility. not a bad thing. >> for more coverage of earth weekend, including green beer. >> yes. >> you're going to love green beer. check out green.cnbc.com.
. >> it is earth week and tonight we're looking for a company that is mean green for the environment and your wallet. you have a name you like? >> i do. soda stream. they have the little dispensers that take and shoot carbonated -- well, co 2 . >> there is savings. you're not having to go to the store and go get the bottles. >> it gives them a lot of flexibility. not a bad thing. >> for more coverage of earth weekend, including green beer. >> yes. >>...
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Apr 24, 2013
04/13
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. >> yeah, so what do you want to do then, in this environment? knowing that the federal reserve is going to continue providing stimulus, that's not changing, so, okay, the economy might not be great, but the fed's there and that's certainly been fueling things since october or so. >> maria, i think we're going to see some growth in our economy because of all the expectation we have that we're going to get stimulus, finally, over in europe. and that's -- austerity has finally come home to roost with the germans. now they look over and go, wow, the americans are party, we're not, i think you're going to find, that's going -- if anything will drive us this summer, it's going to be the europeans. if that money comes over as we plan on the margins with the last 20% of our profit is coming from europe, i think that's going to help our stocks, if anything does, over the summer. >> europe -- are you saying buy europe? >> i would disagree with that. >> yeah -- >> i just don't see how europe -- >> i like europe. i like europe for the same reason i liked th
. >> yeah, so what do you want to do then, in this environment? knowing that the federal reserve is going to continue providing stimulus, that's not changing, so, okay, the economy might not be great, but the fed's there and that's certainly been fueling things since october or so. >> maria, i think we're going to see some growth in our economy because of all the expectation we have that we're going to get stimulus, finally, over in europe. and that's -- austerity has finally come...
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Apr 19, 2013
04/13
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sometimes they kind of grow up in a more secular environment and start to come back to their islamic roots and kind of be sucked in, you know, to this radicalism. and then we see them go off and, you know, start reading things, you know, these jihadi chat boards and things like "inspire" magazine. >> it is your sense, scott, that the older brother, the dead brother. he left the country for six months, apparently went back to russia. is it your sense that he took time, living in america since 2007, took time for six months to go to a training camp? >> it's very likely, but there, again, based upon the tradecraft we saw in the cown instruction of these explosive devices, even if he did training, it was likely some sort of basic training. they teach them to shoot aks and gum over hurdles. he was not a professional. he probably did not go to the advanced terrorist tradecraft-type camps. >> scott, you must be amazed that this one suspect, the 19-year-old, is still at large and is p has basically shut in entire city -- >> he's amateur as far as terrorist tradecraft, he grew up in this area
sometimes they kind of grow up in a more secular environment and start to come back to their islamic roots and kind of be sucked in, you know, to this radicalism. and then we see them go off and, you know, start reading things, you know, these jihadi chat boards and things like "inspire" magazine. >> it is your sense, scott, that the older brother, the dead brother. he left the country for six months, apparently went back to russia. is it your sense that he took time, living in...
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Apr 16, 2013
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in order to do that you need an environment good for business. and i think they have all lost sight of that. it's not about taxes, redistribution. >> are you looking for a quick fix? >> there's no quick fix to this. there's a very difficult fix to this and things if both sides will have to do that are uncomfortable in the short run. lying about it isn't going to make it better. by saying social security, medicare, medicaid aren't in trouble, is not going to make it better. >> working so well. >> despicable. >> bob, thank you for coming in today. >> thank you. >> j.j., rick, see you soon. thank you. >> always a pleasure. >> our guest host will be with us the rest of the show. >> very excited this morning. >> tell us what you really think. coming up, more on goldman sack's earnings report. beating the streets expectations by 40%. up next, reaction from financial sector analysts. the one and only dick bove. ♪ ♪ the new blackberry z10 with time shift and blackberry balance. built to keep you moving. see it in action at blackberry.com/z10 ♪ [ la
in order to do that you need an environment good for business. and i think they have all lost sight of that. it's not about taxes, redistribution. >> are you looking for a quick fix? >> there's no quick fix to this. there's a very difficult fix to this and things if both sides will have to do that are uncomfortable in the short run. lying about it isn't going to make it better. by saying social security, medicare, medicaid aren't in trouble, is not going to make it better. >>...
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Apr 17, 2013
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very difficult environment, i would imagine, for an investor to make money in. >> well, i mean, it's a much-needed decline, a much-needed respite from every day being up. consensus got very, very ebulent and very, very bullish. i really haven't seen anything particularly negative to think that this is going to be a sustained turn in the market. but clearly, we needed to knock some of the froth off the cake. >> you know what, steve, we've got to jump in right here, because scott cohn's microphone, back on now. scott cohn, what is the fbi now saying about the new developments? >> reporter: the fbi has quite forcefully knocked down the story of an arrest, multiple arrests, an arrest imminent. the fbi says despite widespread reports, there have been no arrests in connection the boston marathon attacks. and there is also a bit of an admonition to the media here. they say that there have been widespread reports over the past few days, quoting unofficial sources, and they ask the media during this sensitive time to make certain that what they're reporting has been vetted. now, i will tell y
very difficult environment, i would imagine, for an investor to make money in. >> well, i mean, it's a much-needed decline, a much-needed respite from every day being up. consensus got very, very ebulent and very, very bullish. i really haven't seen anything particularly negative to think that this is going to be a sustained turn in the market. but clearly, we needed to knock some of the froth off the cake. >> you know what, steve, we've got to jump in right here, because scott...
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Apr 18, 2013
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it's a tough environment. this is an economy that allow earnings to continue to grow. >> we knew margins were going to be a challenge getting into the year. do any of the warnings, any of the rust bell guidance that has come down give you any concern about capex which has been one of the bull's big arguments? >> not too much. when i look at the guidance, the guidance is negative relative to recent history. but when it comes to margins, we think we'll see 3% productivity growth in the first quarter. that is not bad. this is an economy in which we vice president seen much productivity growth to this point. i think it's picking up a little bit here. i think that will ret up a little bit. we're not looking for explosive earnings growth. we'll go to a 5% pace over the next year or two. and the next big economic bump. and that should be good enough for the oil prices. >> it wasn't too long ago that people were putting three handles on. we had strategists putting aggressive targets on year s&p. does any of the data l
it's a tough environment. this is an economy that allow earnings to continue to grow. >> we knew margins were going to be a challenge getting into the year. do any of the warnings, any of the rust bell guidance that has come down give you any concern about capex which has been one of the bull's big arguments? >> not too much. when i look at the guidance, the guidance is negative relative to recent history. but when it comes to margins, we think we'll see 3% productivity growth in...
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Apr 24, 2013
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see some signs in the marketplace that four or five years could lead to a little bit better pricing environment. if we can start to see movement in china, that would give us optimism that europe and which we have not had in composites in quite some time. >> are you worried about europe? >> anyone doing business in europe today is worried. we set our expectations appropriately. try to put ourself into position of being a net importer. we think we have taken appropriate actions to risk mitigate but we certainly would love to see things stabilize in europe. >> you had 34 million in ebitda? >> for the corporation? >> yeah. >> no, no, no. >> free cash flow for the year? for the first quarter? >> well, our cash flow in the first quarter would have been negative because of this time of the year. we build a lot of working capital but it's high quality working capital. it means we're doing more business with our customers. >> for the first quarter, which is seasonally your slowest. you earnings would imply a better full year if you average up the four quarters, then the full year guidance that you're pr
see some signs in the marketplace that four or five years could lead to a little bit better pricing environment. if we can start to see movement in china, that would give us optimism that europe and which we have not had in composites in quite some time. >> are you worried about europe? >> anyone doing business in europe today is worried. we set our expectations appropriately. try to put ourself into position of being a net importer. we think we have taken appropriate actions to...
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Apr 22, 2013
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we're helping the environment. there have been studies where our emissions have gone down. hard partly because of the slowdown and partly because year starting to use natural gas. >> i think he would be a great acquisition to your team. >> i'm ready. >> carl, back to you. >> before you go, i know you've got some pictures to share with us. a lot of people may not realize just what kind of weather the midwest got over the past week. >> i'll tell you what, the first two pictures, folks, the santellis at 5:30 in the morning, my wife and i made it through the first two pictures. we call it dead man's curve. it's right down the street from my house. see the problem is, certain suburbs had five inches, other suburbs had eight inches between wednesday and thursday. many suburbs had over ten inches of rain. and the problem in my uncorporated area of having 35 miles west of the city, very rural, wasn't my house. we planned. you know, we had backups. i have sump pumps that can probably empty lake michigan in an hour, okay? the problem is it's the arteries to go places. couldn't go any
we're helping the environment. there have been studies where our emissions have gone down. hard partly because of the slowdown and partly because year starting to use natural gas. >> i think he would be a great acquisition to your team. >> i'm ready. >> carl, back to you. >> before you go, i know you've got some pictures to share with us. a lot of people may not realize just what kind of weather the midwest got over the past week. >> i'll tell you what, the first...
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Apr 23, 2013
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revenue rising 3.5% in what the airline called a strong demand environment. jetblue, united, southwest all up as well today. sue? >>> ty, this is the financial equivalent of the super bowl of quarterly reports. apple releasing numbers after the bell today, the stock, which has taken a beating recently now traiting above $400. not by much, but they'll take it. investors may be coming back, but what do consumers this i? that story next when pow per continues. [ female announcer ] it's time for the annual shareholders meeting. ♪ there'll be the usual presentations on research. and development. some new members of the team will be introduced. the chairman emeritus will distribute his usual wisdom. and you? well, you're the chief life officer. you just need the right professional to help you take charge. ♪ >>> all right. the market's kind of fallen apart. it's whipsawed all the way back up. so take a look at the right-hand side. we saw the dow jones industrial average go from a garch of 135 points to negative 12 in under a minute and a half. this is all sorts
revenue rising 3.5% in what the airline called a strong demand environment. jetblue, united, southwest all up as well today. sue? >>> ty, this is the financial equivalent of the super bowl of quarterly reports. apple releasing numbers after the bell today, the stock, which has taken a beating recently now traiting above $400. not by much, but they'll take it. investors may be coming back, but what do consumers this i? that story next when pow per continues. [ female announcer ] it's...
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Apr 24, 2013
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it's been a different environment. >> chief investment strategist at blackrock. i heard you got a table near a waiter the other day, is that true? >> they've moved me aly bit away from the men's room. that's an improvement. >> that's good. i think we're 1% off the highs again, russ. would you call last week, all these people that wrote in and said, kernan, see the correction. we got what was it? 2.5% correction. that doesn't count as a correction. it's another blip, still going up. >> it was a blip. again, that doesn't mean we're not going to see a more significant correction. >> i know. >> you're right. the reality is there's a lot of money coming into the markets. it's so far been very u.s.-focused. if you look at the rally, looks very different from the united states than it does from anywhere else. but at least in this country, there's still a lot of money coming off the sidelines and so far, none of the issues whether they've been economic or in europe have been enough to disrupt those flows. >> my only point was you take 2,000 points and if you've got peopl
it's been a different environment. >> chief investment strategist at blackrock. i heard you got a table near a waiter the other day, is that true? >> they've moved me aly bit away from the men's room. that's an improvement. >> that's good. i think we're 1% off the highs again, russ. would you call last week, all these people that wrote in and said, kernan, see the correction. we got what was it? 2.5% correction. that doesn't count as a correction. it's another blip, still...
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Apr 22, 2013
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he could have been held for 30 days an interrogated in the same environment where he is now. obviously, there would be no enhanced interrogation techniques. there would be an effort by skilled investigators to bond with him over a period of time, at the end of that period, he could have formally been arrested, charged, what what happened today could have happened 30 days from now. this is what the obama administration wants. they don't care about the intelligence. they made it very clear they want people to have lawyers, to have trials and if we lose intelligence in the process, they say that's regrettable but that's just the way it is. that is unacceptable to me. it should be unacceptable to anybody who cares about preventing future terrorist attacks. >> mitch epnor it has my back up. who cares about my back. all i'm saying it sounds like this is the criminal justice model not a terrorist bombing warfare model. that's something that if administration has been accused of. did they make a mistake here? >> well, i'm going to agree it is a criminal justice model and not a terror
he could have been held for 30 days an interrogated in the same environment where he is now. obviously, there would be no enhanced interrogation techniques. there would be an effort by skilled investigators to bond with him over a period of time, at the end of that period, he could have formally been arrested, charged, what what happened today could have happened 30 days from now. this is what the obama administration wants. they don't care about the intelligence. they made it very clear they...
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Apr 20, 2013
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and now a new species has been introduced into his environment. "mad money"'s back to school tour returns april 25th. don't miss a second of "mad money." follow, @jimcramer on twitter. send jim an e-mail to mad money@cnbc.com or give us a call at 1-800-74 had 3-cnbc. miss something? head to mad money.cnbc.com. >>> welcome back to a bizarrely "mad money." i have stumbled around the stock market long enough to learn a thing or two. tonight you're getting some of that wisdom from the school of hard knocks. don't you always love it at the beginning of a football game where they say, jim cramer, school of hard knocks? that's what i attended when it came to stocks. you're getting the online version right here, right now. the greatest game, stocks & bonds with its stock certificates and its game board and all the little cool doodads. what would send a stock higher? you keep track. i left the stock market games behind me by the time i got to middle school. my object sessions became sports. i was the second fastest guy in the school forever, so i ran track
and now a new species has been introduced into his environment. "mad money"'s back to school tour returns april 25th. don't miss a second of "mad money." follow, @jimcramer on twitter. send jim an e-mail to mad money@cnbc.com or give us a call at 1-800-74 had 3-cnbc. miss something? head to mad money.cnbc.com. >>> welcome back to a bizarrely "mad money." i have stumbled around the stock market long enough to learn a thing or two. tonight you're getting...
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Apr 17, 2013
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especially in this environment. why don't we go to bruno in florida? bruno. >> caller: jimmy! big boo-yah to ya! >> hey, sunshine, what's shaking? >> caller: not much, man. my stock is arine technology. unfortunately, i got it when the company went public on the ipo day. what do you think about this? >> i was surprised the stock didn't act better, given how many ipo positive initiations there were today. i think the stock is a buy. i like that kind of programmatic advertising business for the web. i think you trade this thing up to 16, 17. i think you've got some room to run. all right. lots of ipos on the horizon. you know i'm liking this black hawk and seaworld. remember, not to chase in the after market, but slow and steady safeway is a good alternative if you can't get into black hawk. and you know what, fairway, real good produce. don't go anywhere. "lightning round" is coming up next. >>> it is time! it is time for the "lightning round" on cramer's "mad money." my staff prepares the graphics. when you hear this sound, the lightning round is over. are you ready, skedaddy?
especially in this environment. why don't we go to bruno in florida? bruno. >> caller: jimmy! big boo-yah to ya! >> hey, sunshine, what's shaking? >> caller: not much, man. my stock is arine technology. unfortunately, i got it when the company went public on the ipo day. what do you think about this? >> i was surprised the stock didn't act better, given how many ipo positive initiations there were today. i think the stock is a buy. i like that kind of programmatic...
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Apr 24, 2013
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remember, the stocks that are consistently working in this environment belong to companies that benefit from moderating commodity costs and can continue to raise or at least maintain prices on their customers. meanwhile, the company is doing very well. kimberly-clark just reported on friday and they delivered a three cent earnings beat on $1.33 basis courtesy of solid organic sales, terrific growth and improving margins. plus the company also raised its guidance for the full year and on top of that, kimberly-clark pays a healthy dividend which yields 3%, and they have been a serial increaser. can this stock keep outperforming like it's been doing despite the fact that many analysts don't think it can? let's talk to tom faulk chairman and ceo to hear more about the quarter and what comes next. mr. faulk, welcome to "mad money." >> boo-yah, jim. how is it going? >> going really well. thank you, tom. great to have you on the show. >> jim, let me tell you, your set has never looked better. you've got the finest products in the world there, and we hope you love the "mad money" kleenex. we ma
remember, the stocks that are consistently working in this environment belong to companies that benefit from moderating commodity costs and can continue to raise or at least maintain prices on their customers. meanwhile, the company is doing very well. kimberly-clark just reported on friday and they delivered a three cent earnings beat on $1.33 basis courtesy of solid organic sales, terrific growth and improving margins. plus the company also raised its guidance for the full year and on top of...
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Apr 16, 2013
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how do you see the regulatory environment playing out? and how are you going to improve margins in this scenario? >> actually, my margins improved by 140 basis points over the quarter. so we had a record margin for the first quarter. so over a 40% margin. i was asked specifically, can our margins even improve more, and i said, well, we have a lot of pressures on regulatory issues. we're reinvesting in our company by hiring more people. so i was just being cautionary. but to answer your question, our margins have had improved year after year. they're going to improve from 2012 into 2013. i believe our business model will allow margins to improve, despite, despite, we're spending at more money on lawyers, spending a lot more time working with our regulators. and i think this is just the cost of doing business moving forward. >> we'll leave it there. larry, always wonderful to have you on the program. thanks so much for your time. >> thanks, maria. >> larry fink, black rock. we have a market up 112 points. we are still waiting on answers com
how do you see the regulatory environment playing out? and how are you going to improve margins in this scenario? >> actually, my margins improved by 140 basis points over the quarter. so we had a record margin for the first quarter. so over a 40% margin. i was asked specifically, can our margins even improve more, and i said, well, we have a lot of pressures on regulatory issues. we're reinvesting in our company by hiring more people. so i was just being cautionary. but to answer your...
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Apr 23, 2013
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private equity is certainly doing well in this environment. i'm, i guess, a little surprised that we haven't seen more deals, given the fact that rates are at such low levels. shouldn't we be seeing a whole host of deal flow and deal activity? >> we should, and we may. i guess, the opposite side of a coin of a buoyant stock market is higher evaluations and less attractive targets in the public arena. as a stock holder, and i was glad to see blackstone back off from a bid on dell. but, you know, these companies are kind of out of the mainstream. if you're a stock holder, you're actually a unit holder. you get a k-1 form, as if you were a limited partner in almost a hedge fund. the accounting is eccentric, because, well, because gap doesn't quite do these companies justice. so you have to look at this so-called economic net income. and there's this seeming paradox of private equity companies being in the private market. and if private equities are so great, why are they public? there's a lot of bad will, i think, towards these companies, but the
private equity is certainly doing well in this environment. i'm, i guess, a little surprised that we haven't seen more deals, given the fact that rates are at such low levels. shouldn't we be seeing a whole host of deal flow and deal activity? >> we should, and we may. i guess, the opposite side of a coin of a buoyant stock market is higher evaluations and less attractive targets in the public arena. as a stock holder, and i was glad to see blackstone back off from a bid on dell. but, you...
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Apr 17, 2013
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stocks are great for the long-term, but in this environment, where sentiment, we've got unusually bearish quickly. we've got more weakness in store. >> so you would wait. this isn't necessarily an entry point for you, yet? >> no, if i had cash on the sidelines, pretty much at the close of today, the average stock in the s&p 500 was off about 7% from its 52-week high. the average technology stock, 11% from its 52-week high, if we get another 3% to 5% down in stocks, then i think that cash on the sidelines should be absolutely put to work, because the next two or three years still bodes quite well for the stock market relative to most other asset classes. >> i may have to break in momentarily when those american express earnings come out. but first, jerry webben, let me ask you, the fear has been this week with news out of china, some of the economic data that we've gotten here, that maybe the global growth rate is slowing down. do you sense that at all? >> i think, yes, both in the u.s. and in china, we've seen some slowness in the emerging markets and europe remains extremely weak, but yo
stocks are great for the long-term, but in this environment, where sentiment, we've got unusually bearish quickly. we've got more weakness in store. >> so you would wait. this isn't necessarily an entry point for you, yet? >> no, if i had cash on the sidelines, pretty much at the close of today, the average stock in the s&p 500 was off about 7% from its 52-week high. the average technology stock, 11% from its 52-week high, if we get another 3% to 5% down in stocks, then i think...
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Apr 24, 2013
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there's no requirement that they test their programs before they get put into the live production environment. there's no requirement that they have kill switches in case their cheetah programs go feral. so there's a lot of things that we do need to do that are sort of basic rules of the road for technology. we shouldn't just accept technology blindly, that it's all good, that faster is better, that bigger is better. sometimes it's not. and we saw so yesterday. >> accept more rules if they come down the pike? i know it's an anathema to wall street to add more rules to the equation, but in this case -- >> i'm all for it. the technology has advanced faster than our market structure has moved forward. let me point out a few things, when we had the flash crash, nobody saw that coming, and then we realized human interaction played a big part of that and prevented a bigger problem than there was -- >> in 2010, you're talking about? >> yes. >> may 6th. >> go to the scenario, we had a situation that no one could have predicted happening and humans got involved there and were able to stop the volatili
there's no requirement that they test their programs before they get put into the live production environment. there's no requirement that they have kill switches in case their cheetah programs go feral. so there's a lot of things that we do need to do that are sort of basic rules of the road for technology. we shouldn't just accept technology blindly, that it's all good, that faster is better, that bigger is better. sometimes it's not. and we saw so yesterday. >> accept more rules if...
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Apr 18, 2013
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your numbers show that with interest rates so low, it's really hard for you guys to make money in this environment. how do you feel about that? it's a double-edged sword, right? >> yeah, michelle, it is. so we actually make more money when rates are higher, so we'd like to see rates higher, particularly, a positive-sloping yield curve. you know, the fed has a strong view in consensus that rates need to stay low. i'm not generally in that camp. i think the early stages of qe were probably good. i think it's very debatable now whether it's doing any good or not. i personally think the economy trying to find its own natural structural, level of stabilization, and it's going to do that at its own pace, with or without qe. a lot of people disagree with that. but i think it's about confidence, not about how much qe we have. >> mr. king, appreciate your time, sir. thanks for joining us today. >> thank you very much. have a good day. >> great to have you on. >>> all right, stunning and frightening. just two terms to describe video that captures the situation that we saw in texas. >> yeah, we're going to g
your numbers show that with interest rates so low, it's really hard for you guys to make money in this environment. how do you feel about that? it's a double-edged sword, right? >> yeah, michelle, it is. so we actually make more money when rates are higher, so we'd like to see rates higher, particularly, a positive-sloping yield curve. you know, the fed has a strong view in consensus that rates need to stay low. i'm not generally in that camp. i think the early stages of qe were probably...
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Apr 22, 2013
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we'll have to see as far as the competitive environment, do any of these other competitive services end up adding up to anything? i think so far the answer is clearly no. we're not seeing much from amazon prime or hulu or some of the other services to really grab share from netflix. >> yeah? all right. we will leave it there. thanks, everybody. appreciate your time tonight. see you soon. >> thank you. >> thanks. >> thank you so much. >>> shares of johnson & johnson meanwhile hitting an all-time high today. ceo alex gorsky is up next in an interview you'll only see here. the company's first quarter sales were $17.5 billion. we'll find out what he's got planned for the second quarter right after this break. stay with us. >>> >>> welcome back. johnson & johnson shares at an all-time high. 84.83 tl$84.83 a share. the company enjoyed a major boost after the potential type 2 diabetes drug was granted fda approval. let's check in on j & j. has the brand fully recovered from product recalls? ceo alex gorsky. >> great to see you almost a year later. >> a year later. when you first started, we ta
we'll have to see as far as the competitive environment, do any of these other competitive services end up adding up to anything? i think so far the answer is clearly no. we're not seeing much from amazon prime or hulu or some of the other services to really grab share from netflix. >> yeah? all right. we will leave it there. thanks, everybody. appreciate your time tonight. see you soon. >> thank you. >> thanks. >> thank you so much. >>> shares of johnson &...
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Apr 19, 2013
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you can't bet on what you think in an environment like this. you've got to understand that if there is a network, we can't pretend that there's not. so when you're looking at these two kids, to me, everything that they did suggests that they're amateurs. where they placed the weapon, the fact that they didn't o obscure themselves when they walked down the street, the primitive nature of the explosives. but we've been focused on these two spiders, most media is not talking about the search for the spider web. did they get training, did they get weapons, did they get travel? >> neither of these suspects are on a watch list or were on a watch list. the older brother goes to russia, comes back, starts posting videos online about islam, about terrorism. did we miss this? was there something where we should have actually been able to know? >> posting videos is a free speech issue, and if were still in the fbi, we would be very cautious about looking at something like that. because you're allowed to be a radical in this country. this country is based
you can't bet on what you think in an environment like this. you've got to understand that if there is a network, we can't pretend that there's not. so when you're looking at these two kids, to me, everything that they did suggests that they're amateurs. where they placed the weapon, the fact that they didn't o obscure themselves when they walked down the street, the primitive nature of the explosives. but we've been focused on these two spiders, most media is not talking about the search for...
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Apr 23, 2013
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and that environment has a long tail to it, which should produce cash flow in the u.s. economy, 5% or better. >> so why isn't the public playing this market? why are they not in this market? >> the most recent memory in all of their heads, every single macro event risk they've all seen, whether it's the situation in europe or closer to home, the financial crisis, and that's going to last for quite a long period of time, especially since the household itself, the liability shelf, is still there and it's still in repair. >> and if anything that prolongs that rally, right? >> no question about it. that's the misguided notion out there, which is, you want to not all rush in there at once, but the reality is, no, that's where you get multiples go up to 18, 19 times and get the boom bust. the first move is cash to equities, not fixed income to equities. that second move is fixed income flows to equities, when the economy really gets above 3%. >> what are you going to buy here? >> well, we like almost everything in equities. our favorites would be the largest of the large cap
and that environment has a long tail to it, which should produce cash flow in the u.s. economy, 5% or better. >> so why isn't the public playing this market? why are they not in this market? >> the most recent memory in all of their heads, every single macro event risk they've all seen, whether it's the situation in europe or closer to home, the financial crisis, and that's going to last for quite a long period of time, especially since the household itself, the liability shelf, is...
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Apr 19, 2013
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i mean, we know that many refugees that come from conflict situations come into peaceful environments, and all of a sudden, and they're not given appropriate psychological pair, can also have enormous problems assimilating in a very different culture. >> and in terms of these two individuals living in cambridge, massachusetts, having come from chechnya, any thoughts there, why cambridge? why they've been living here together for so many years? why they chose boston? >> well, i think on the east coast that there is a burgeoning, it's by no means as large as europe, of course, the largest population of chechen is in austria, but i think there is a growing group of people along the east coast, in d.c., and in new york, and in boston, and clearly, chechens are also russian speaking, so there is, obviously, a large contingent of russian-speaking people also in boston. and from how i understand it, it seems as though their uncle was already here in the united states, and i think that they had other friends who could help them to settle into the country, and to assimilate, so, often, you cho
i mean, we know that many refugees that come from conflict situations come into peaceful environments, and all of a sudden, and they're not given appropriate psychological pair, can also have enormous problems assimilating in a very different culture. >> and in terms of these two individuals living in cambridge, massachusetts, having come from chechnya, any thoughts there, why cambridge? why they've been living here together for so many years? why they chose boston? >> well, i think...
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Apr 17, 2013
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a one-two punch over concerns between european credit and also some worries about the global growth environment. we think we may have a little bit of a pause here, but we're going to see continued growth through the year. it will be rewarded by take risk in the stock market. >> why? >> because with growth keeping up and inflation being under control, monetary policy is going to stay very easy, and we see that as being something that's going to lead to equity returns being positive. >> you have to admit, we've had a very good first quarter, 10% gains for most of the averages, 15% at the most extreme. aren't we due for a correction of some kind? >> well, we could absolutely have a pause here and a small correction wouldn't be off the realm, but without a big downturn in data or a big change in monetary policy expectations, i think it will be relative tame. >> what have you thought of the earnings so far this season? >> they've been modestly disappointing. we got some news today about corporate business jet appetite that was a little bit disappointing. but then look at the fed beige book report to
a one-two punch over concerns between european credit and also some worries about the global growth environment. we think we may have a little bit of a pause here, but we're going to see continued growth through the year. it will be rewarded by take risk in the stock market. >> why? >> because with growth keeping up and inflation being under control, monetary policy is going to stay very easy, and we see that as being something that's going to lead to equity returns being positive....
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Apr 23, 2013
04/13
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company growing the total addressable market improving profitability and it improves the competitive environment even more. i think you have a great, virtuous cycle that's kicking in. >> that cuts to the fundamental question about netflix whether it's growing fast enough to pay for the international expansion and to pay for the content bills that it's rack up. >> if you look in detail at these figures who which you have to still, the loss overseas is $77 million and the negative free cash flow is 42 million, tony. >> there are a couple of things that have gone on in this quarter. one, we do see these improvements in the use of accounts payable which in the cash flow and the u.s. streaming business scale better which should provide more cash flow and the dvd business is not declining as fast and these guys are managing the business pretty well. if i can on the international, it's down, but not down as much assy we expected and the way to think about that is maybe these international markets are getting to profitability sooner than expected and it may not be as big of a drag as people thought goin
company growing the total addressable market improving profitability and it improves the competitive environment even more. i think you have a great, virtuous cycle that's kicking in. >> that cuts to the fundamental question about netflix whether it's growing fast enough to pay for the international expansion and to pay for the content bills that it's rack up. >> if you look in detail at these figures who which you have to still, the loss overseas is $77 million and the negative...
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Apr 16, 2013
04/13
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so volumes were flat, you know, in the environment that they're dealing with, it's not bad. it's a sequential improvement versus what they did in the fourth quarter. they drive a huge piece of their volume and they've got a lot of big businesses in traditional western and southern europe een marks where the economists are doing very poorly. i think they're working incredibly hard. flat isn't a bad result. germany continues to be the better performer out of these marks although great britain was also up which was somewhat encouraging and markets like spain and italy and to a lesser extent, france, they just got so many economic headwinds, flat is not that bad and it's the new up, as they say. ? your price target is $43 which is basically where we are at the moment and what is the best way of making the best dividend in your you know verse. they've had a phenomenal run and we're seeing everybody move in and each with the move today coke is still slightly underperforming the group and there's been this fun flow issue. what you have to look at is some of the staples names and th
so volumes were flat, you know, in the environment that they're dealing with, it's not bad. it's a sequential improvement versus what they did in the fourth quarter. they drive a huge piece of their volume and they've got a lot of big businesses in traditional western and southern europe een marks where the economists are doing very poorly. i think they're working incredibly hard. flat isn't a bad result. germany continues to be the better performer out of these marks although great britain was...
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Apr 17, 2013
04/13
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. >> demand environment played out as we expected and i think the company executed well. as i just heard john say, we saw nice growth in our data center business. it was up 7% year on year. and within the overall market for computing, we're seeing nice growth and there's obviously a transition going on there. i think we're well positioned for that as well. >> intel shares closed up less than 1% and moving around after hours. also up a little less than 1% in frankfurt this morning which is no small feat considering germany's market is down by better than 1% as we speak. yahoo! first quarter rose and beat forecasts but revenue was flat and shy of estimates as the company feels the impact of declining web traffic and display ad sales fell for the second straight quarter down 11%. yahoo! is also projecting second quarter revenues that fell short of analysts expectations. ceo marissa mayer says her plans to reverse the trend is still on track and will show results in the second half of the year. she cautions it will be years before yahoo! grows at the rate of rivals of google
. >> demand environment played out as we expected and i think the company executed well. as i just heard john say, we saw nice growth in our data center business. it was up 7% year on year. and within the overall market for computing, we're seeing nice growth and there's obviously a transition going on there. i think we're well positioned for that as well. >> intel shares closed up less than 1% and moving around after hours. also up a little less than 1% in frankfurt this morning...
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Apr 22, 2013
04/13
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so it's hard to see the global economy breaking out of the slow to modest growth environment. interest rates we think will stay pretty low. that overall is a reasonably attractive back drop for companies to deliver okay earnings growth. and so we can take earnings disappointments as long as it's minor. but as you say, it is a gdp and an earnings cliff, then we return to late '07/'08 type markets. we don't think it's going to happen, though. >> jonathan, it's ross here. what would you describe as okay earnings growth? >> well, i mean, okay in the context of the last six to nine months has been earnings estimates coming down week after week after week after week. the aggregate impact of that, though, is that european earnings growth expectations for 2012, remember those numbers are not finalized until we see the full years coming in the first part of this year. analyst expectations started last year around plus 10% and then our minus 3%. that's quite a big shift down when you put that into context of what we saw in 2008 where the earnings estimates went from plus 20 to minus 50%
so it's hard to see the global economy breaking out of the slow to modest growth environment. interest rates we think will stay pretty low. that overall is a reasonably attractive back drop for companies to deliver okay earnings growth. and so we can take earnings disappointments as long as it's minor. but as you say, it is a gdp and an earnings cliff, then we return to late '07/'08 type markets. we don't think it's going to happen, though. >> jonathan, it's ross here. what would you...
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Apr 23, 2013
04/13
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we act in an environment where we have large export content. so the world is our market, basical basically, more than europe. >> okay. we'll leave it there. jan erik back. thank you very much. >>> apple will report results today amid the company's free fall in stocks in recent weeks. analysts expect apple will post its year on year decline in a decade. revenue is expected to hit a record but with growth of only on 8% for sales which will be one of the weakest increases in several quarters. the company is hurt by soft demand for the iphone and lower profit margins on the ipad. apple closed about $398 on monday. the stock is down 42% since hitting a record high over $700 in september. so will the company's results leave a sour taste with investors? we'll preview the tech giant's earnings with the editor in about 15 minutes' time. >>> meanwhile, netflix's first quarter profits easily beat forecasts as they reported solid subscriber growth. the company added 2 million new customers for its $8 a month streaming service. the company expects subscribe
we act in an environment where we have large export content. so the world is our market, basical basically, more than europe. >> okay. we'll leave it there. jan erik back. thank you very much. >>> apple will report results today amid the company's free fall in stocks in recent weeks. analysts expect apple will post its year on year decline in a decade. revenue is expected to hit a record but with growth of only on 8% for sales which will be one of the weakest increases in several...